Alpaca Trading
ARMO Broker
Basic data of broker
Recommended for Traders interested in algorithmic stock trading
Recommended for Investors and traders from Europe interested in global markets
USA
Germany
Fees
Free stock and ETF trading, low non-trading fees
Low stock and ETF fees but high forex, options and futures fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
20
Deposit type
Withdrawal type
Account opening
$0
$1980
1 day
1-3 days
Social security number, other proof of residence
Proof of identity: passport, ID card, driver's license Proof of address: bank statement, utility bill, registration certificate, credit card bill
Trading platform
Markets and products
Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
€20,000
2015
2019
USA
USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Alpaca Trading's service is slightly better than ARMO Broker's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than ARMO Broker's.
Account opening takes much less effort at Alpaca Trading compared to ARMO Broker, deposit and withdrawal processes are more complicated at Alpaca Trading, while customer service quality is similar to ARMO Broker's.
Our experts rated the trading platform of Alpaca Trading as being of the same quality as the platform of ARMO Broker, found that clients have access to less markets and products with Alpaca Trading, while ARMO Broker provides just about the same quality of research and education.
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